WTB / WTS / WTT ADSAll Advertisements, including Want to Buy, Want to Sell, Want to Trade, Belong in the MARKETPLACE ONLY. Any new threads posted offering an item for sale, looking to trade or buy an item which are posted outside of Marketplace will be deleted without notice or warning. Existing threads will be moved to marketplace.

Marketplace Feedback RatingsThe Marketplace feedback ratings system is now back. You can now leave feedback for your Buy / Sell / Trade transactions. Instructions on how to leave feedback ratings can be found HERE

Baltic Dry Plunges By Over 8% Overnight, Most Since 2008 12-12-12
t has been a while since we looked at the Baltic Dry Index, which when normalizing for the excess glut in dry container ship supply (such as right now - 5 years after all the excess supply in the industry - has long been normalized), continues to be one of the best concurrent indicators of global shipping and trade. We look at it today, moments ago it just posted an epic 8.2% plunge, crashing from 900 to 826, or the biggest drop since 2008! Of course, conisdering the collapse in global trade confirmed in past days by both Chinese and US data, this should not come as a surprise, although we are certain it will merely bring out the BDIY apologists who tell us that supply and demand here (like in every other Fed-supported market) are completely uncorrelated.